The 2019 Schuman Challenge will welcome undergraduate students from seventeen different U.S. colleges and universities to the EU Delegation to the United States in Washington DC on February 14-15, 2019. During the competition students will work in teams to develop and defend before senior international affairs professionals new policies for transatlantic cooperation supporting Ukrainian sovereignty and territorial integrity within its internationally recognized borders

Governments have increasingly relied on exchange rate stabilization policies, specifically intervention operations in currency markets and capital controls, to offset external shocks. The focus on exchange rate stabilization is not limited to countries with pegged exchange rate regimes. Indeed, a number of countries that currently actively intervene in currency markets self-describe as floaters. The U.S. has responded by raising concerns that these policies amount to currency manipulation. Article IV of the IMF Articles of Agreement requires that members “avoid manipulating exchange rates” in order to gain an unfair competitive advantage over other members. Separately (since 1989) the U.S. Treasury must report to Congress biannually regarding whether individual trading partners are manipulating currencies for unfair advantage. This talk will examine both the theoretical underpinning and empirical evidence on currency intervention and manipulation, with the goal of better understanding when exchange rate stabilization is effective from the point of view of domestic policy-makers and when it should be considered manipulative from a global perspective.

This webinar on January 29, 2019 was jointly hosted by CLOSUP and the Michigan Municipal League. The webinar features Professor Manny Teodoro from Texas A&M University, speaking on water and sewer system finance and policy, including how to measure affordability, and policy options for rate structures and related issues.

The Program for Practical Policy Engagement (P3E) in partnership with the Students of Color in Public Policy (SCPP) will hold a professional development workshop featuring guest speaker James Feagin, founder & CEO of projects+PEOPLE.

In recent years, “period poverty” has come to be seen as an important development issue, with sanitary pads becoming the main solution. Rather than the result of systematic and unbiased evidence gathering, however, Parthasarathy argues that this problem and solution are the result of the new credibility regimes that underlie development governance today.

The massive dollar amounts associated with student loan debt and the impact on individuals and the financial stability of the overall economy has attracted the attention of journalists, economists, and average Americans. There are, however, several myths associated with these eye-popping numbers, and Susan Dynarski, Professor of public policy, education and economics will discuss a few of these myths in our January Blue Bag Lunch Talk. For example, in a recent paper for Brookings , "The Trouble with Student Loans? Low Earnings, Not High Debt," Professor Dynarski debunks the popular notion that more student debt leads to higher student loan default rates. In fact, research shows that default rates are highest among individuals with smaller loan balances. Students borrowing under $5,000 default at a rate of 34 percent, compared to 18 percent for those borrowing more than $100,000. Among policy proposals advocated by Professor Dynarski to address the student loan crisis is to automatically enroll borrowers who are late on payments in income-based repayment, or adjust loan payments each pay period, similar to the current income-tax withholding system.

Join Ford School students on Wednesday, December 12, 2018 from 1pm-2:30pm for their final Applied Policy Seminar student flash presentations in the Betty Ford Classroom (1110)/Weill Hall. Reception to follow. RSVP Here .

This will be a presentation of two large-scale field experiments designed to test the hypothesis that group membership can increase participation and pro-social lending for an online crowdlending community, Kiva. The first experiment uses variations on a simple email manipulation to encourage Kiva members to join a lending team, testing which types of team recommendation emails are most likely to get members to join teams as well as the subsequent impact on lending. We find that emails do increase the likelihood that a lender joins a team, and that joining a team increases lending in a short window following our intervention. The impact on lending is large relative to median lender lifetime loans. We also find that lenders are more likely to join teams recommended based on location similarity rather than team status. Our results suggest team recommendations can be an effective behavioral mechanism to increase pro-social lending. In a second field experiment, we manipulate forum messages to explore the underlying mechanisms for teams to be effective.

This Symposium is intended to provide an overview of the legal mechanisms and challenges in responding to extremist organizations, as well as an opportunity to work in interdisciplinary teams to address the issues.

The U.S. Office of Financial Research and the University of Michigan’s Center on Finance, Law, and Policy will bring together regulators, policymakers, lawyers, economists, financial institutions, investors, financial technology companies, and experts on data science, cybersecurity, and finance.

Estimating intergenerational mobility in developing countries is difficult because matched parent-child income records are rarely available and education is measured very coarsely. In particular, there are no established methods for comparing educational mobility for subsamples of the population when the education distribution is changing over time.

Join the Ford School's Michigan in Politics and Policy class to hear Randy Liepa, Superintendent of Wayne Regional Educational Service Agency discuss the current state of K-12 education in Michigan. This lecture is free and open to the public!

Languages use different systems for classifying nouns. Gender languages assign many — sometimes all — nouns to distinct sex-based categories, masculine and feminine. We construct a new data set, documenting this property for more than four thousand languages which together account for more than 99 percent of the world’s population.

Donors have long engaged the private sector by tying foreign aid, forcing recipients to buy from donor countries. But recently, donors have partnered with private money on a larger scale, making tied aid an important area of interest.

The Critical Race Theory (CRT) Discussion Series is co-sponsored by the Ford School and the University of Michigan Law School. Graduate and professional students are invited to join us for our third session, "Big Data, Incivility, and Social Media." Lunch will be provided.

David Atkin, MIT on A New Engel on the Gains from Trade. Measuring the gains from trade and their distribution is challenging. Recent empirical contributions have addressed this challenge by drawing on rich and newly available sources of microdata to measure changes in household nominal incomes and price indices. While such data have become available for some components of household welfare, and for some locations and periods, they are typically not available for the entire consumption basket. In this paper, we propose and implement an alternative approach that uses rich, but widely available, expenditure survey microdata to estimate theory-consistent changes in income-group specific price indices and welfare. Our approach builds on existing work that uses linear Engel curves and changes in expenditure on income-elastic goods to infer unobserved real incomes. A major shortcoming of this approach is that while based on non-homothetic preferences, the price indices it recovers are homothetic and hence are neither theory consistent nor suitable for distributional analysis when relative prices are changing. To make progress, we show that we can recover changes in income-specific price indices and welfare from horizontal shifts in Engel curves if preferences are quasi-separable (Gorman, 1970; 1976) and we focus on what we term “relative Engel curves”. Our approach is flexible enough to allow for the highly non-linear Engel curves we document in the data, and for non-parametric estimation at each point of the income distribution. We first implement this approach to estimate changes in cost of living and household welfare using Indian microdata. We then revisit the impacts of India’s trade reforms across regions.

The rebirth of Detroit is dependent on a multitude of factors including issues related to urban infrastructure, the revitalization of neighborhoods, and beyond. Critical to this rebirth is investment in the city. For the city administration, this investment means being able to collect sufficient tax revenues to turn on streetlights, police neighborhoods, replace infrastructure, and finance other projects. Unfortunately, one consequence of the challenges faced by the city has been a culture of non-payment of the taxes owed. Over the last three years, the Master of Accounting students at the Ross School of Business have worked closely with the city to help address these non-payment issues. This talk will describe the projects the students have worked on, the benefits to both the city and to the students, and the work that still needs to be done. We will be joined by the city’s Director of Audit and Compliance, Odell Bailey.

The Ford School’s Michigan Politics and Policy class (PubPol 475/750) will be joined by Chase Cantrell, Executive Director and Founder of Building Community Value for a discussion about the future of Detroit on Weds Oct 31, 2:30pm. We have moved this class session to the larger Ford School Annenberg Auditorium (1120) so this lecture can be open to the public -- we hope to see you there!

The event will be a half-day symposium at which scholars, public officials, private sector representatives, and other census stakeholders will address preparations for the 2020 Census and the challenges it faces, include funding, the proposed citizenship question, and the implications of an inaccurate count.